Launched in 2017, WeWork India Management Limited is India’s leading premium flexible workspace operator and has held the top spot by total revenue for the past three fiscal years, per CBRE. It offers high-quality, flexible workspaces to a diverse clientele—ranging from large enterprises to startups and individuals. The company leases mainly Grade A office spaces from top developers in Tier 1 cities, then designs, builds, and operates them to global standards. As of June 30, 2024, about 93% of its portfolio was in Grade A developments, highlighting its focus on premium infrastructure.
Price Band₹615 - ₹648 |
Dates03 Oct - 07 Oct |
GMP₹0 (0.00%) |
Subscriptions1.15 times |
Issue Size₹3,000.00 Crs |
Wework India IPO Objects
- The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).
Wework India IPO Details
Price Band₹615 - ₹648 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹0.00 (0.00 Shares) |
Offer For Sale₹3,000.00 Cr (4.63 Cr Shares) |
Total Issue₹3,000.00 Cr (4.63 Cr Shares) |
Face Value₹10 per equity share |
Wework India IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
23
14,904
Maximum
13
299
1,93,752
|
|||
| Small HNI |
Minimum
14
322
2,08,656
Maximum
67
1,541
9,98,568
|
|||
| Big HNI |
Minimum
68
1,564
10,13,472
|
|||
Wework India IPO Subscription
Updated as on 07-Oct-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 1.79 | 1,38,71,033 | 2,47,66,584 |
| NII | 0.23 | 69,35,515 | 15,68,117 |
| bNII (bids above ₹10L) | 0.23 | 46,23,677 | 10,76,446 |
| sNII (bids between ₹2L to ₹10L) | 0.21 | 23,11,838 | 4,91,671 |
| Retail | 0.61 | 46,23,677 | 28,22,192 |
| Employee | 1.87 | 59,523 | 1,11,481 |
| Total | 1.15 | 2,54,89,748 | 2,92,68,374 |
Wework India IPO GMP
The estimated Grey Market Premium of Wework India IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 10% of Net Offer |
| Employee | Rs. 3.5 Cr |
Wework India IPO Financials
| Particulars | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Operations | 535.31 | 1,949.21 | 1,665.14 | 1,314.52 |
| Profit after Tax | -14.10 | 127.40 | -135.84 | -145.86 |
| Net Worth | 188.97 | 199.70 | -437.45 | -292.11 |
| Total Borrowing | 389.23 | 310.22 | 625.83 | 485.61 |
| Total Assets | 5,357.05 | 5,391.67 | 4,482.76 | 4,414.02 |
| NAV per share (in ₹) | 14.10 | 15.57 | -34.55 | -23.09 |
| EPS - Basic (in ₹) | -1.05 | 9.93 | -10.73 | -11.52 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| Adj EBITDA | 21.61% |
| PAT | 6.33% |
| ROCE | 37.52% |
| Rev to Rent | 2.68 |
| PE Ratio | 65.26 |
| PB Ratio | 41.62 |
| Mkt Cap (in Crs.) | 8,684.71 |
All the data pertains to FY 2023-24.
Wework India IPO Peer Comparision
| Particulars | Wework | Awfis | Smartworks | Indiqube |
|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 1,949.21 | 1,207.54 | 1,374.06 | 1,059.29 |
| PAT (In Crs.) | 128.19 | 67.87 | -63.18 | -139.62 |
| EPS - Basic | 9.93 | 9.75 | -6.18 | -7.65 |
| NAV per share | 15.57 | 64.71 | 10.55 | -0.24 |
| RONW | 63.80% | 14.78% | -58.76% | NA |
| EBITDA | 63.41% | 33.32% | 62.39% | 58.20% |
| PAT Margin | 6.33% | 5.38% | -4.48% | -12.66% |
| Price to earning (PE) | 65.26 | 59.38 | NA | NA |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 15, 2025 for Peers
Wework India IPO Peer Comparision
| Particulars | Wework |
|---|---|
| Revenue from Ops (in Crs.) | 1,949.21 |
| PAT (In Crs.) | 128.19 |
| EPS - Basic | 9.93 |
| NAV per share | 15.57 |
| RONW | 63.80% |
| EBITDA | 63.41% |
| PAT Margin | 6.33% |
| Price to earning (PE) | 65.26 |
| Awfis | Smartworks | Indiqube |
|---|---|---|
| 1,207.54 | 1,374.06 | 1,059.29 |
| 67.87 | -63.18 | -139.62 |
| 9.75 | -6.18 | -7.65 |
| 64.71 | 10.55 | -0.24 |
| 14.78% | -58.76% | NA |
| 33.32% | 62.39% | 58.20% |
| 5.38% | -4.48% | -12.66% |
| 59.38 | NA | NA |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 15, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Embassy Buildcon LLP | 76.21% |
| 1 Ariel Way Tenant | 23.45% |
| Total | 99.66% |
Management Details
| Name | Designation |
|---|---|
| Jitendra Virwani | Chairman |
| Karan Virwani | MD & CEO |
| Clifford Lobo | CFO |
Company Details
Name: WeWork India Management Limited
Address: 6th Floor, Prestige Central 36, Infantry Road, Shivaji Nagar, Bengaluru – 560 001, Karnataka, India
Number: +91 88 8456 4500
Email: cswwi@wework.co.in
Website: https://wework.co.in/
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Wework India IPO is a Mainboard IPO having an issue size of Rs. ₹3,000.00 Crs. Wework India IPO is priced at ₹615 - ₹648 per share. The issue opens on 03 Oct 25 and closes on 07 Oct 25.
Wework India IPO opens on 03 Oct 25 and closes on 07 Oct 25.
The estimated Grey Market Premium of Wework India IPO is ₹0 per share (0.00%).
The minimum lot size of Wework India IPO is 23 shares & the minimum application amount is Rs. 14904.
The allotment date of Wework India IPO is 08 Oct 25.
The listing date of Wework India IPO is 10 Oct 25.
Wework India IPO is subscribed 1.15 times.
Wework India IPO is priced at ₹615 - ₹648 per share.
Click the allotment link on Wework India IPO page of IPO360.
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- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
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- Money will remain blocked till the refund date
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